echoing green annual report 2011

8/3/2019 Echoing Green Annual Report 2011

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annual report 2011

HAT MOVES YOU


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ECHOING GREEN UNLEASHES

NEXT GENERATION TALENTTO SOLVE THE WORLDSBIGGEST PROBLEMS.

your answer here

Front Cover: Shining Hope for Communities(Fellowship Class of 2010) Credit: Bella Zanesco


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DEAR FRIENDS,Echoing Green believes achieving signicant social impact occurs when every individual denes their unique role

in catalyzing positive social change. Finding that role is sparked by asking and answering challenging questions

about the world around you and the solution that is yours to own.

This year, Echoing Green asked how we can propel the eld o social entrepreneurship toward a global social

movement. In answer, we launched new programs and deepened our services to catalyze individuals at all points

on the path toward meaningul social change. Through our recently launched Work on Purpose program, we

inspired 12,000 young people to think big and build meaningul impact-driven careers. Nearly 3,000 promising

visionaries took action by applying to our Fellowship program or support to realize their bold solutions to the

worlds biggest problems. And or the over 500 Fellows we have supported since 1987, Echoing Green launched its

rstAlumni program to continue championing these leading social innovators as they drive toward ever greater

levels o social impact.

Our growth and success achieved this year were made possible by the groundswell o support rom our network

who rst asked o themselves, what moves me?And went urther by asking and answering, how can I make the

biggest dierence?Your investment o knowledge and skills inspires us to strive or lasting change, and your

nancial commitment positions us to achieve our vision.

Thank you or all you do to help us advance this global social movement.

Sincerely,

CHERYL L. DORSEYPRESIDENT1992 ECHOING GREEN FELLOW

DAVID C. HODGSONCHAIR


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WHAT MOVES YOU?

Echoing Green believes that each person plays a critical role in generating social

change. In order to catalyze a global social movement of changemaking, each

individual must ask and answer tough questions about what path they want to

take to walk through the world with meaning, purpose, and impact. It starts with

one fundamental question; and so Echoing Green asks,

Echoing Greens Work on Purpose program challenges

Millennialsthe largest generation in historyto uncoverwhat social issues inspire them to action. As a rst step

toward launching a career that is both right or them and

good or the world, Echoing Green oers these aspiring

changemakers stories, methodologies, and rameworks

developed rom over two decades o identiying and

supporting world-class social entrepreneurs. Toolsinclude the Work on Purpose book, discussion and activity

guides, Echoing Green-led workshops, and an upcoming

online platorm eaturing a suite o resources and

interactive activities.

JARED SMITH | FELLOW, CENTER FOR CIVIC ENGAGEMENT AT DAVIDSON COLLEGEWORK ON PURPOSE PARTNERPeople taking ownership of their communities move me. As a student at Davidson, I

recognized my need for education broader than classroomsan education including

shared values, problem-solving, and social change. Now that I work here, I encourage

students to do the same. Our students feel they must divorce their desires to change

the world from their need to survive in it. Work on Purpose offered our students

another option: to honor both their passions and their skills in nding a fullling and

sustainable career path.

2 work on purpose


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The Work on Purpose program launched in April 2011. By November, we

distributed more than 12,000 books, and directly reached more than 1,200

young people through workshops and speaking engagements throughout

the United States. We partner with hundreds o colleges, universities, and

nonprots to reach Millennials who want to leave their social ootprint

on the world.

But this is just the beginning. By next year, Work on Purpose will have

inspired tens o thousands more young peoplehelping them to shape their

paths and ultimately dene their role in the ecosystem o social change.

Published by Echoing Green,

Work on Purpose tells the stories

o ve Echoing Green Fellows

and their journeys rom struggle

and uncertainty to signicance

and success. Through these true-

lie narratives, Work on Purpose

oers its readers the simple,

powerul message that personal

ulllment and societal impact

are the result o aligning theirpassion with their talents.

2007 Echoing Green FellowSocheata Poeuv at theWork on Purposelaunchparty in April 2011.


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WHAT SOLUTION IS YOURS TO OWN?This year, Echoing Greens signature Fellowship programreceived a record-breaking 2,854 applications rom 117

countries. With the help o 350 expert evaluators we

selected twenty-two high-potential leaders launching

innovative organizations. Each Fellowship organization

receives up to $90,000 in seed unding, along withmentoring and support rom Echoing Green sta and eld

experts, skill-building conerences, and access to a global

network o 500 Echoing Green Fellows.

CLNICAS DEL AZCARJAVIER LOZANOhealth, Mexico

Establishing a major chain of low-costdiabetes management clinics that provide

accessible preventative and supportive care

to the under-served 90 percent of Mexicans

who need this care.

EQUAL OPPORTUNITY SCHOOLSREID SAARIS

education, United StatesNarrowing the achievement gap in U.S.schools by working with principals to nd

missing minority students and implementing

a rigorous 12-month college prep curriculum,

including AP and IB classes, in the most

underserved communities.

THE GOLDEN BAOBAB PRIZEDEBORAH AHENKORAH

education, United StatesSolving African illiteracy by inspiring a

new generation of African authors to write

childrens literature to which African youth

can relate.

ADIVEMAJID EL JARROUDI & FATY TANRIVERDIeconomic development, France

Transforming the lives of minorityentrepreneurs in France by connecting them

to the business opportunities found in large

corporations.

AWETHU PROJECTYUSUF RANDERA-REES

entrepreneurship, South AricaInspiring an entrepreneurship revolutionin under-resourced communities across

South Africa.

CARBON LIGHTHOUSEBRENDEN MILLSTEIN & RAPHAEL ROSEN

environment, United StatesTaking on global climate change, at a

meaningful scale, by building a one-stop-

shop for companies to eliminate their entire

carbon footprint.

These promising social entrepreneurs

are a driving force behind the growing

social innovation movement. Theyve

each taken responsibility for a

problem in the world and dreamed upa breakthrough solution that has the

potential to change the world.

4 2011 echoing green ellows


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INVENTURESHIVANI SIROYA & BONNIE OLIVAmicrofnance, global

Providing direct, crowd-sourced

investment from individuals to the nextfrontier in micronancejob- and wealth-

creating micro-business owners caught

in between a traditional micro-loan and

bank nance.

MEASURES FOR JUSTICEAMY BACH

criminal justice, United StatesInspiring change in the U.S. judicial system

by creating a widely available ranking of local

courts based on their effectiveness in crime

reduction and recidivism prevention.

MOBIUS MOTORSJOEL JACKSONtransportation technology, Arica

Designing and manufacturing functional

and low-cost vehicles for farmers andentrepreneursin Africa, for Africa.

REACH INCORPORATEDMARK HECKEReducation, United States

Flipping the script on traditional literacy

programs by hiring and training strugglinghigh-school students to tutor younger

children, improving educational outcomes for

both groups.

STRIVE FOR COLLEGEMICHAEL CARTER

education, United StatesHelping low-income students break thecycle of poverty by getting into and attending

a four-year college, using an affordable,

scalable network of near-peer mentors

well-trained undergraduate students with

similar backgrounds.

SANERGYANI VALLABHANENI & DAVID AUERBACHgreen technology, Kenya

Resolving the massive sanitation problemsin the worlds slums, starting in Kenya, with

an economically sustainable network of

clean, containerized toilets that convert

waste to electricity and fertilizer.

TIYATIEN HEALTHRAJESH PANJABI & PETER LUCKOW

health, LiberiaPioneering a comprehensive approach

to reconstruct the rural health care system

in war-torn Liberia with a new model for

community health workers.

2011 echoing green ellows 5

JUSTICE AND ACCOUNTABILITY CENTEROF LOUISIANAAMECA REALI & ADRIENNE WHEELERcivil & human rights, United States

Bringing together prisoner rights

advocates, the recently incarcerated, and

attorneys to address systemic criminal

justice deciencies and develop strategies

for accountability and reform.

MALO TRADERSSALIF NIANG & MOHAMED ALI NIANG

agriculture, MaliRadically improving the health ofMalians with the organized micronutrient

fortication of locally-produced rice.


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HOW CAN YOUDEEPEN YOUR IMPACT?

This year, in addition to reconnecting with over 100

Alumni, we developed high-engagement advisoryprograms that connect with Alumni at two key infection

points as they: 1) take their organizations to scale; and

2) transition rom their organizations to new high-social-

impact positions. By June 2012, we aim to engage 75

percent o our Alumni through these advisory programs,

regional community gatherings, an online database o

expertise, and continuous consulting projects.

KAREN TSE | FOUNDER AND CEO, INTERNATIONAL BRIDGES TO JUSTICE (IBJ)2002 FELLOWIBJ works to build the rule of law and guarantee basic legal rights of ordinary citizens

in developing countries. When I was a new Fellow, Echoing Green gave me invaluable

support and connections that signicantly enabled me to build the foundation of my

work. Ten years later, IBJ works in more than two-dozen countries with an aim toend torture and implement due process rights in 93 countries by 2025. I connect

with Echoing Green continuously as I drive for greater global impact.

Echoing Green propels our Fellows forward as they set out on a path to drive social

changeyet long-term impact also comes from a deep investment over many years.

This year, we launched our rst Alumni program to support our Fellows throughout

their lives as changemakers. With Echoing Green behind them, we ask our 500 Alumni,

6 alumni program


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DIANA PROPPER DE CALLEJON | GENERAL PARTNER, EXPANSION CAPITAL PARTNERS1990 FELLOW AND BOARD MEMBEREchoing Greens support seeded more than an idea. It set me on a career path to

nd market-based solutions for environmental issues. I see the impact Echoing

Green has had on my trajectory in social changefrom my early work building

a non-deforestation economy in Brazil to my current investments in cleantechnology. I support Echoing Green to stay connected to Alumni, to be inspired

by new Fellows and to help spark the next generation of changemakers.

BOARD OF DIRECTORS

David C. Hodgson, ChairGeneral Atlantic LLC

Maya Ajmera, Vice ChairThe Global Fund for Children1993 Echoing Green Fellow

Esther Benjamin, TreasurerUnited States Peace Corps

Steven P. BuffoneGibson, Dunn & Crutcher LLP

Peter J. CampbellEducation Capital Partners

Guy de Chazal

Cheryl L. DorseyPresident1992 Echoing Green Fellow

Betsy FaderDoris Duke Charitable Foundation

Marianne Gimon

Andrew R. Kassoy

B Lab

Dr. Marie KellyCTPartners Board Consultants

Ajay NagpalBarclays Capital

Diana Propper de CallejonExpansion Capital Partners, LLC1990 Echoing Green Fellow

Marc SaiontzAmerican Securities

Jerome C. VascellaroTPG Capital, L.P.

Daniel WeissSt. Martins Press

SPECIAL ADVISORS

Carter F. BalesNewWorld Capital Group, LLC

Michael BrownCity Year

1991 Echoing Green FellowRichard CavanaghHarvard Kennedy School

William E. FordGeneral Atlantic LLC

Paul GravesGoldman Sachs

Rosanne HaggertyCommon Ground

Mario MorinoVenture Philanthropy Partners

Bill ShoreShare Our Strength1991 Echoing Green Fellow

William ShutkinPresidio Graduate School1993 Echoing Green Fellow

SENIOR STAFF

Cheryl L. DorseyPresident1992 Echoing Green Fellow

Lara GalinskySenior Vice President

Rich LeimsiderDirector of Fellow & Alumni Programs

Teresa VazquezDirector of Development

John WalkerDirector of Finance

SOCIAL INVESTMENT COUNCIL

Katherine Boas, Co-chair

Brian Dunlap, Co-chair

Andrew Klaber, Vice Chair

The Social Investment Council is

a community o more than 100

young Echoing Green donors whosupport Fellows as mentors, pro-

bono consultants, and advisors. Since

2005, they have raised more than $1

million or Echoing Green.

our leadership 7


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Whether you are a young person striving or a meaningul career with impact;

an Echoing Green Fellow realizing a vision or social innovation; a thought

leader shaping the eld; or an engaged donor deploying your skills, knowledge

and nancial supporteach o you have contributed to our impact this year.

Social change requires a network of people with the courage to think big, the

audacity to be bold, and the fortitude to drive lasting change. Youas a member of

the Echoing Green communityplay a critical role in disrupting the status quo and

alleviating suffering and injustice in the world. As we look back on this year we ask,

LISA ISSROFF | ECHOING GREEN SUPPORTEREverything can make a differencean email connecting two like-minded social

entrepreneurs doing similar work in different parts of the world; a relevant article

forwarded to a changemaker; an idea that motivates an Echoing Green Fellow to

see something from a different perspective; a tough question that forces a leader

to stop and think; and funding that turns concepts into reality. If together we all

take responsibility and all engage and support each other, we all collectively learn,

grow, develop and inch forward; and ultimately for me, thats how I know I can

make a difference.

HOW DO YOUMAKE A DIFFERENCE?

8 supporting change


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CIVICENGAGEMENT

You inspired more than 1,200young people through Work onPurpose programming.

You distributed more than 12,000Work on Purposebooks.

You leveraged the expertise andsupport of 100 young professionalsin the Social Investment Council.

FIELD-BUILDING You spread the word, helping

us reach more than 380,000Twitter Followers.

You gave in unprecedentednumbers, increasing ourdonor base to 500 supporters.

You prepared Echoing Green tocelebrate our 25th Anniversary.

FELLOWSHIP &ALUMNI PROGRAM

You helped Echoing Green selectand support our 500th Fellow.

You invested in the 2011 Fellows,bringing the total invested insocial entrepreneurs sinceour inception to $30 million.

You engaged 100 Alumni inmeaningful ways, such asBrain Trust advisory events.


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Echoing Green is supported by private contributions from corporations,

foundations, and individuals. We extend our deepest thanks to these

supporters, who enabled our accomplishments in scal year 2011.

$1,000,000 AND UPGeneral Atlantic LLC

W.K. Kellogg Foundation

$500,000-$1,000,000David C. and Laurie B. Hodgson

The Pershing Square Foundation

$100,000-$499,999Anonymous (3)Barclays Capital

Peter Bloom and Janet Greeneld

Steve and Roberta Denning

Flora Family Foundation

Andrew Kassoy

Mai Family Foundation

Laurie M. Tisch Illumination Fund

$25,000-$99,999Anonymous (2)

American Express Foundation Kitty and Guy de Chazal

Chandra and Paul Graves

Halloran Philanthropies

Lisa and David Issroff

The Joshua Mailman Foundation

The Nathan Cummings Foundation

Marc and Stacey Saiontz

The Schneider Family

The Segal Family Foundation

The Seinfeld Family Foundation

$10,000-$24,999Anonymous (1)Maya Ajmera and David Hollander

American Securities Capital Partners

Blue Ridge Foundation New York

William H. Donner Foundation

The Educational Foundation of America

Edwin Gould Foundation

Charlotte and Bill Ford

GE Capital

Joseph and Carson Gleberman

HBO

J.P. Morgan & Co.John and Amy Jacobsson

Adam and Julia Janovic

Kaye Scholer LLP

Kekst and Company

Steve Malkenson

Maurice Amado Foundation, made

possible by Susan and Elaine Lindheim

Anthony and Miraldina Meyer

Douglas Miller

Mario Morino

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Shiva Sarram and Drew Pearson

Bob and Karen Scott

Senator Investment Group LP

Sophie Stenbeck

TPG Capital, L.P.

Jerome and Mary Vascellaro

Robbert and Jenny Vorhoff *

Patti and Rick Wayne

David Weekley Family Foundation

Amy Wong

$5,000-$9,999Cathy Bacich and Ed SchallertBloomberg L.P.

Katherine Boas

Frank V. Buquicchio

Elizabeth A. Cassidy

Holly and Rory Cowan

Deutsche Bank

Dinyar and Aashish Devitre

Expansion Capital Partners, LLC

FactSet Research Systems

Susan Ginsburg and Jerry Webman

Nellie and Robert GipsonMichael Hirschhorn and Jimena Martinez

Dylan and Molly Hixon

Jalak Jobanputra

Journey Charitable Foundation

Rene and Marie-France Kern

Russell Kling and Jelena Gmitrovic

Jonathan and Kristen Korngold

Annie and Ned Lamont

Miles Lasater

McKinsey & Company

Murray Metcalfe

Morgan StanleyPeter and Jillian Muller

PIMCO

Ronnie Planalp and Stephen Trevor

PricewaterhouseCoopers LLP

Diana Propper de Callejon *

Kristin Resnansky

Paulo Ribeiro *

The Sandler Family

Richard and Charlotte Smith

David and Mary Solomon

Tom C. Tinsley

$2,500-$4,999Esther T. Benjamin

John Burchett *

Stonington Cox *

Betsy Fader *

Marianne A. Gimon and Alessandro

dAnsembourg *

Eric Glass

Jefferies & Company, Inc.

Ellen Jewett and Richard Kauffman

Lone Pine Foundation, Inc.Morrison & Foerster LLP

Anne Pollack

David and Dorrie Rosenstein

Nathaniel Schwartz *

Tushar Shah

David and Linda Sicher

Adam Wolfensohn

$1,000-$2,499Anonymous (2)

Katherine Aitken

Alvarez & Marsal, LLCSeema Amble

Matthew Anestis and Gillian Moore

Michael Balaban

Carter Bales

Ken Bartels and Jane Condon

Lisa Berkower and Mitch Rubin

Jared Berlin

Bernstein Global Wealth Management

Laura Bogomolny

Dominique Bravo and Eric Sloan

William Broadbent *

Steve and Barbara BuffonePeter Campbell

Richard Cavanagh

10 our supporters

t 11


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Vicki Chan *

Alison Cherry

Daniel Chorney *

Kathryn Corro

Jason Costi

Ana DeLeon

Cheryl DorseyStacey Doynow

Jenna Dreher

Sarah Dreyfus Greenhill *

Karen Dufn

Brian Dunlap

J. Skyler Fernandes

Quentin Fogan *

Jarrod Fong

Joyce Frater

Michael Freedman

Ellen Freeman

Donna Frisby-Greenwood *Jennifer Gong

Ananda Grant

Guidepoint Global, LLC

Andrew Gustin

Hachette Book Group

Kirstin Hill

Rachel Hines

Michael Houy

Lauren Hubbell

Lilah Hume

Jill and Ken Iscol

Michael JonesJeremy Kahan

Justin Kang

Viral Kapadia

Erica Karlin

Jacqueline Kelly *

Marie Kelly

Patrick Kelly

Janice Kim

Andrew Klaber

Peter Knight and Gail Britton

Robert Kopera

Karen Kraut and Jason Adkins

Ashish Lal

Jed Leidheiser

Andrew Leisman

Daniel Liebeskind

Samuel Lipsick *Eric Liu

Cynthia Loh

Christoph Lueneburger

Raj Mangalick

Sophie Marchessou

Melissa Mariaschin

Kevin McCarthy

Susan McPherson

Samuel Meehan

Jason Morimoto

Menna Mulugetta

David MunskyDavid and Laura Neil

Jan-Daniel Neumann

Morris and Nancy Oft

William Oris and Jeanne Murphy

Christopher Orski

Thomas Panitz

Tanuj Parikh

Brad and Sue Parish *

Craig Pastolove

Paul and Pam Pope

Margaret Poster

Ryan PreclawJohannes C. Reuter *

Mollie Richardson

Annie Rittgers

Gidon and Elizabeth Rothstein

Thomas Ryan

Ishan Sachdev

Chakravarthy Srinivasa Sai

Michael Sand

Joel Sandler

Brennan Shaffner

Merryl Sherman

Scott Shiao

Sabrena Silver and Abe Stein

Michael Tai

Christopher Titcombe

Seth Tribble

Robert TsaiLarry and Elizabeth Vranka

David Waldman

Margaret Wang

Jennifer Wang

Sara Weiss

Jenn Wilcox

Eric Wilmes

Lillian Zhao

Sara Zuiderveen

* Denotes total gift amount including matching gift

Denotes total amount of a multi-year gift

ALUMNI SUPPORTERSA very special thank you to our fty-six

Alumni contributors from the classes of

1990, 1991, 1992, 1993, 1994, 1995, 1996,

1997, 1998, 1999, 2002, 2004, 2006, 2007,

2009, and 2010.

IN-KIND SUPPORTERSBaruch College, Zicklin School of Business

Boston Consulting Group

Columbia Business School SocialEnterprise Program

Deloitte Consulting LLP

Kaye Scholer LLP

Kekst and Company

The Lance Armstrong Foundation

Microsoft

Paul, Weiss, Rifkind, Wharton & Garrison LLP

The RGK Center for Philanthropy and

Community Service, University of Texas

at Austin

AJAY NAGPAL | MANAGING DIRECTOR, BARCLAYS CAPITALBOARD MEMBERBarclays Capital empowers its employees to meet the needs of our clients. Echoing

Green empowers emerging leadersgiving talented individuals an opportunity to

have a material impact in the world. Through our partnership with Echoing Green,

nearly 130 Barclays leaders commit their time and talent to advise existing Fellowsand to evaluate applications for new Fellows. As a board member, I am condent

that Barclays investment in Echoing Green makes a difference.

our supporters 11

12 f i l


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STATEMENT OF FINANCIAL POSITION

ASSETS

Cash and cash equivalents $3,016,557

Unconditional promises to give $2,588,680

Inventory $27,974

Prepaid expenses and other assets $101,366

Security deposit $49,023

Property and equipment, at cost, net of

accumulated depreciation $969

Total Assets $5,784,569

LIABILITIES AND NET ASSETS

Liabilities

Fellowship grants payable $1,618,141

Accounts payable and accrued expenses $130,525

Total Liabilities $1,748,666

Net Assets

Unrestricted $1,749,351

Temporarily restricted $2,047, 217

Permanently restricted $239,335

Total Net Assets $4,035,903

Total Liabilities and Net Assets $5,784,569

STATEMENT OF ACTIVITIES

SUPPORT AND REVENUE

Contributions $3,139,655

Benet event income $383,358

Less: Direct benet event expenses ($20,575)

Donated goods and services $2,000

Book sales $21,822

Less: Cost of goods sold ($15,438)

Interest income $17,542

Other income $42,027 Total Revenues and Support $3,570,391

EXPENSES

Program services $2,941,408

Supporting Services

Management and general $291,272

Fundraising $526,512

Total Expenses $3,759,192

Increase (decrease) in Net Assets ($188,801)

Net assets, Beginning of year $4,224,704

Net assets, End of year $4,035,903

Condensed nancial information is based upon audited nancials, which arepending board approval. Full audited nancial statements are available uponrequest from Echoing Green.

12 fnancials

25%

57%

6%

12%

EARNED INCOME

CORPORATIONSFOUNDATIONS

INDIVIDUALS

REVENUE

June 30, 2011


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WHAT IS YOUR LIFESMISSION STATEMENT?

Mercado Global (Fellowship Class of 2004)Credit: Suzanne Becker Bronk


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494 Eighth Avenue

Second Floor

New York, NY 10001

echoinggreen.org

Hot Bread Kitchen (Fellowship Class of 2008).Credit: Ken Goodman.

echoing green annual report 2011

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